By Henry M. Paulson
From the Foreword, by way of Rep. Barney Frank, specially written for the exchange paper edition:
"For many folks, what's going to be so much awesome approximately this foreword is the truth that I wrote it. It's now not on a daily basis a partisan, liberal Democrat will get a decision from a conservative, high-ranking member of the George W. Bush management requesting a good creation to something. but if former secretary of the Treasury Henry M. Paulson, Jr., known as, i used to be fast to comply with show in print my enthusiasm for his very good recounting of a few of crucial and debatable occasions in our contemporary nationwide history."
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ON the edge is Hank Paulson's first-person account of the catastrophic monetary occasions of 2008. From the fellow who was once within the very heart of this ideal monetary hurricane, Paulson places the reader within the room for all of the extreme moments as he addressed pressing industry stipulations, weighed serious judgements, and debated coverage and fiscal concerns with of all of the impressive players-including the CEOs of most sensible Wall highway businesses in addition to Ben Bernanke, Timothy Geithner, Sheila Bair, Nancy Pelosi, Barney Frank, presidential applicants Barack Obama and John McCain, and then-President George W. Bush.
More than an account approximately numbers and credits dangers long past undesirable, at the breaking point is a unprecedented tale approximately humans and politics-all introduced jointly through the world's drawing close monetary Armageddon.
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Extra resources for On the Brink: Inside the Race to Stop the Collapse of the Global Financial System
Example text
Hence, as the stock market is rising, investors are likely to spend more, resulting in an expanding economy. The same holds true when stock markets are declining, investors spend less causing slower economic growth.
Journal of Financial Services Marketing, 12(1), 65–74. , & Zhang, C. (2011). Is ethical money financially smart? Nonfinancial attributes and money flows of socially responsible investment funds. Journal of Financial Intermediation, 20(4), 562–588. Thomson Reuters. (2015). Global Islamic asset management outlook report 2015 – Unlocking potential. Thomson Reuters. zawya. com/ifg-publications/Islamic_Asset_Management_2015-260415070526E/ Zaher, T. , & Kabir Hassan, M. (2001). A comparative literature survey of Islamic finance and banking.
Finally, results indicate that Islamic funds follow the contrarian strategy as opposed to the momentum strategy. Our fund level determinants reveal that age and fees have no effect on fund performance. The results are consistent across the full sample as well as the MENA region. On the other hand, size has a positive effect on fund performance. This result is in line with the earlier literature as the larger funds have lower trading costs as they trade in big volumes. Further, they are in a position where they can negotiate for better spreads.